In Volatile Markets, Stay the Course:

Market volatility comes and goes and it’s natural to wonder when it increases if this is the beginning of a correction or bear market. If it is, some wonder, should holdings be pared back or should we wait for better prices to buy more? The question really being asked is: how can we time or predict […]

Brookfield Infrastructure (BIP) Reports 4Q13 Results; 2013 was a Good Year

Brookfield Infrastructure reported results for full year 2013 with a total return of 16% compared to its target total return of 12-15%. This is lower than the past three and five years, where annualized returns were outstanding at 29% and 36% respectively. As much as those returns are enjoyable, they cannot be sustained at that […]

AIG June 2013 Update

Our investment thesis remains on track. AIG is relying more on operation improvements and continues to make progress. Publication of the capital liquidity and restrictions under designation as a systemically important financial institution SIFI is expected soon and should eliminate a remaining uncertainty. After SIFI requirements are defined, it is anticipated management will be able to initiate capital allocation […]

Brookfield Property Partners (BPY)

Brookfield Property Partners (BPY) is a leading global commercial property company. The commercial property operations include office, retail, multi-family and industrial assets with interests in over 300 office and retail properties of more than 250 million square feet; approximately 15,600 multi-family units; 29 million square feet of industrial space, and; an 18 million square foot […]

Genworth (GNW) Takes Further Action on Turnaround

Our Genworth Investment Thesis [Source] noted a lot of moving parts both at the company and macroeconomic level; “the company will likely continue selling at a discount pending further resolution of the many issues that need to be monitored. However, it seems turnaround is underway on both a macro and micro level but largely overlooked […]

Value Investing Principles Point to Success in Buying and Selling

The dilemma is we try to know something we can’t: We know that to make money in the stock market we need to “buy low and sell high” which is easier said than done. Doesn’t that put us in the difficult position of trying to figure out if the market is going to go up […]

Building a Portfolio around Value

Value investing provides advantages that can be compounded in a portfolio. Keep in mind though; there is really no one answer for everyone. Circumstances, situation in life, available resources, time available and opportunities in the market place, to name a few will influence holdings in your portfolio.  That’s why in our Value by George portfolio all holdings […]

Genworth Update

Mortgage Delinquency Rates Continue to Improve: Lender Processing Services, Inc. (LPS) provides analytics on the mortgage and real estate industries with a loan-level database representing approximately 70 percent of the overall market. What better leading indicator and gauge for the health of the mortgage business than those collecting the payments? The table below is LPS’s […]

Buy the Business not the Stock

Warren Buffett, the Oracle of Omaha, has amassed a fortune from astute investments through his company Berkshire Hathaway.  Berkshire Hathaway has outperformed the stock market for decades and investors all over the world study Buffett’s investment approach and ideas for insight. Some of this insight is outlined in his 12 principles for buying a business. […]

A Case for Value Investing

There are no doubt many ways to invest and I tried many. Some of the most successful investors use a value investing framework. The value framework also had a huge advantage in that surprisingly some of the most successful value investor in the world including Warren Buffett and his partner Charlie Munger graciously and willing […]